JES Inks $1 Billion USD Newbuilding Deal

By Michelle HowardMay 22, 2014

Mainboard-listed JES International Holdings Limited(EG0.SI) announced that the Group has successfully secured contract plus options worth close to US$1.0 billion, continuing on their successive contract wins earlier in 2014.

Comprises construction of 6 Ultramax bulk carrier with options for another 30 similar vessels

These 64,000 DWT bulk carriers will be of the SDARI[1] design, a well sought after design that is environmental friendly and fuel efficient

JES has year-to-date secured contracts worth up to US$1.5 billion

“We are pleased to announce that we have just secured our largest contract to date, marking our fourth contract win in under 5 months. We have witnessed higher level of activities in the shipbuilding sector and we are optimistic that our world class yard will have us well-poised to further tap on more opportunities emerging from this trend. Going forward, we will continue to seek for more opportunities in order to maintain our order winning momentum.” Mr. Jin Xin, Chairman and Chief Executive Officer, JES

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